2-bed · 1,029 sqftMazaya 04, Liwan · 13th floor · completed 2014

1308, Mazaya 04

Sold prices and rental history: sold twice, last in January 2015, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1308 · DLD and Ejari recordsUpdated 20 March 2021
Last soldAED 366K5 January 2015
Current rentAED 44K /yr20 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1308, Mazaya 04

What is 1308 worth today?

Last sold for AED 366,455 in 2015

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20 Mar 2021RentedRenewal
AED 44,000/yr12 months · AED 43 per sqft
20 Mar 2020RentedRenewal
AED 50,000/yr12 months · AED 48 per sqft
20 Mar 2019RentedNew contract
AED 56,000/yr12 months · AED 54 per sqft
5 Jan 2015SoldReady
AED 366,455AED 356 per sqft
22 Dec 2014RentedNew contract
AED 73,000/yr12 months · AED 71 per sqft
13 Apr 2009Sold by developerOff-plan
AED 732,910AED 712 per sqft

Source: Dubai Land Department. Updated 20 March 2021.

Key facts

Type
2-bed apartment
Size
1,029 sqft
Floor
13th of 13
Parking
B-06
Developer
Al Mazaya Real Estate
Completed
2014
Service charge
AED 5,600 /yr
Last sold
AED 366K · January 2015
Building
Mazaya 04

About 1308, Mazaya 04

1308 is a two-bedroom apartment of 1,029 sqft on the 13th floor of Mazaya 04, a 13-storey tower in Liwan completed in 2014 by Al Mazaya Real Estate. It last sold on 5 January 2015 for AED 366,455, or AED 356 per sqft, 7% below the AED 384 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, renewed on 20 March 2021, is AED 44,000 a year: a gross yield of 12.0% on the 2015 price, before the service charge of about AED 5,600 a year.

Sales and rents for 1308 over time

Sales
Unit 1308, each saleTypical two-bed in Mazaya 04
400K600K800K2009201420192024Typical sale price by year: 2009 AED 794,680; 2014 AED 576,631; 2015 AED 529,590; 2016 AED 750,000; 2017 AED 700,000; 2018 AED 725,000; 2020 AED 540,000; 2021 AED 455,000; 2026 AED 585,000Sold by developer, April 2009: AED 732,910 (AED 712 per sqft)Sold, January 2015: AED 366,455 (AED 356 per sqft)

1308 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1308, each contractTypical two-bed in Mazaya 04
40K60K80K2014201720202023Typical rent by year: 2014 AED 80,000; 2015 AED 72,000; 2016 AED 71,000; 2017 AED 65,000; 2018 AED 60,000; 2019 AED 48,000; 2020 AED 42,500; 2021 AED 38,000; 2022 AED 40,000New contract, December 2014: AED 73,000 a yearNew contract, March 2019: AED 56,000 a yearRenewal, March 2020: AED 50,000 a yearRenewal, March 2021: AED 44,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Mazaya 04, and where 1308 sits

All 60 2-beds →

1308 last sold in January 2015 at AED 356 per sqft, 7% below what two-beds in Mazaya 04 were fetching at the time (AED 384). Over the last 12 months two-beds sold for AED 540,645 to 705,052, around AED 506 per sqft.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Oct 2026620,000
21 Sep 2026540,645
17 Feb 2026705,052
19 Jan 2026550,000
4 2-bed sales in the last 12 months

Mazaya 04

Building

216 apartments, 1-bed to 3-bed over 13 floors in Liwan, completed in 2014 by Al Mazaya Real Estate. 23 sold in the last 12 months.

Typical price per sqft
AED 557 Up 1.5%
Typical sale
AED 340K
Typical rent
AED 53K /yr
Typical yield
14.7%
Mazaya 04, Liwan: prices, sales and rents →

Other units on the 13th floor

All 216 units in Mazaya 04
Value
13012-bedAED 708K · May 2009
13022-bedAED 760K · Apr 2009
13032-bedAED 540K · Nov 2020
13041-bedAED 391K · Dec 2014
13051-bedAED 391K · Dec 2014
13062-bedAED 530K · Nov 2015
13072-bedAED 575K · Mar 2015
1–7 of 12

1308, Mazaya 04 in numbers

  • Sold twice: first on 13 April 2009 for AED 732,910, last on 5 January 2015 for AED 366,455 (AED 356 per sqft).
  • Rented since December 2014 on 4 Ejari contracts, from AED 73,000 to AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2015 price is 12.0%, before a service charge of about AED 5,600 a year (AED 5.49 per sqft).
  • Two-beds in Mazaya 04 sold for AED 540,645–705,052 in the 12 months to November 2026; the building's median across all types is AED 557 per sqft.

Source: Dubai Land Department. Updated 20 March 2021.

Questions about 1308, Mazaya 04

What did unit 1308 last sell for?

AED 366,455 on 5 January 2015: AED 356 per sqft for 1,029 sqft. The unit has 2 registered sales; the first was AED 732,910 in April 2009.

What is the rent for unit 1308?

AED 44,000 a year on the contract renewed on 20 March 2021. The previous contract, from March 2020, was AED 50,000; the unit has been rented since December 2014.

How big is unit 1308?

1,029 sqft (95.6 sqm): a two-bedroom apartment on the 13th floor of a 13-storey tower completed in 2014.

What is unit 1308 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mazaya 04 sold for AED 540,645 to 705,052 in the last 12 months, around AED 506 per sqft.

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Mortgage on 1308, Mazaya 04

Starts from the last sale price (AED 366K, 5 January 2015). Switch to today's estimate once you have unlocked it.
Price
AED 366,455
Deposit, UAE resident (20%)
AED 73,291
Deposit, non-resident (40%)
AED 146,582
Monthly over 25 years at 3.7%
AED 1,499

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →